This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
As the commonwealthâs most comprehensive university and its leading research institution, Virginia Tech offers 240 undergraduate and graduate degree programs to more than 31,000 students and manages a research portfolio of $513 million.Some rooms are too small, others too large, and the total square footage available is inadequate to provide sufficient bed spaces for todayâs larger corps. We envision two new residence halls of about 95,000 square feet, each holding at least 500 cadets.â. Cadets are currently spread among four halls in the Upper Quad.